In 1992 Larry Johnson of the then Charlotte Hornets was playing basketball. He got fouled and made the basket. You get the points from the shot "AND 1" free throw. Which he started yelling when he played.
The original logo of the AND 1 company is Larry Johnson.

1. a shoe/ clothes company
2. a term basketball players say, when they get fouled while shooting the ball and make it. they get 1 free throw shot.
3. tricky basketball dribbling skills, embarrass opponents trickin them and foooling them.

1. i'm bout to buy them new and 1 shoes
2. "And one nigga!" said the player after he was fouled while shooting the ball.
3. damn that nigga fucked you up with that and 1 shit.

applies to basketball only.
-complementing on how good those basketball/street moves were. These all involves crazy streetmove, and especially faking someone out. "You just got faked out"
-The streetball basketball team